P/E ratio for Ranger Energy Services (RNGR)
P/E ratio as of April 2024 (TTM): 8.61
According to Ranger Energy Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.61345. At the end of 2022 the company had a P/E ratio of 20.8.
P/E ratio history for Ranger Energy Services from 2017 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.8 | -160.68% |
| 2021 | -34.2 | 1047.38% |
| 2020 | -2.98 | -113.44% |
| 2019 | 22.2 | -267.52% |
| 2018 | -13.3 | 12.03% |
| 2017 | -11.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 United Rentals
URI | 20.0 | 131.65% | 🇺🇸 USA |
 Ranger Energy Services RNGR | 8.61 | 0.00% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.